Home India Ministry of Commerce and Industry In exercise of the powers conferred by Section 5 of the Fore...
Date: 2020-01-29 Category: Extra Ordinary State: Union Government Country: India

In exercise of the powers conferred by Section 5 of the Foreign Trade Development and Regulation Act

Issued by Ministry of Commerce and Industry · Department of Commerce

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Executive Summary & Key Takeaways

Executive Summary: This notification amends the Foreign Trade Policy 2015-2020, introducing an additional ad hoc incentive for exports of specific mobile phones. This incentive is available for exports made between January 1, 2020, and March 31, 2020. Applications for MEIS for specified codes will also be considered for this additional incentive. Key Points / Main Content: Additional Ad Hoc Incentive: * A 2% additional ad hoc incentive is available alongside rewards under the Merchandise Exports from India Scheme (MEIS). * The incentive applies to exports made between January 1, 2020, and March 31, 2020. * Calculation is based on the realized Free on Board (FOB) value of exports in free foreign exchange or the FOB value in freely convertible foreign currencies as per shipping bills, whichever is lower. * Existing MEIS provisions in the Foreign Trade Policy 2015-20 and Handbook of Procedures 2015-20 apply to this additional incentive. Eligible HS Codes: * The incentive applies to the following HS codes: * 85171211: Mobile phones, other than push-button type * 85171219: Mobile phones, push-button type Application: * Applications for MEIS for the specified HS codes will also be considered as applications for the additional ad hoc incentive. Impact Analysis: Exporters of Mobile Phones (HS Codes 85171211 and 85171219): * Impact: Benefit from a 2% additional ad hoc incentive on exports made between January 1, 2020, and March 31, 2020, in addition to MEIS rewards. * Action Required: Ensure exports are made within the specified period to avail of the incentive and apply for MEIS, which will be considered for the additional incentive as well.

Key Entities Referenced

Foreign Trade Policy 2015-2020: A policy document regarding foreign trade, amended by this notification. Foreign Trade Development and Regulation Act, 1992: An act of the Indian Parliament that empowers the Central Government to make provisions relating to foreign trade. Ministry of Commerce and Industry: The Indian government ministry responsible for the formulation of foreign trade policy. New Delhi: The location where the notification was issued. MEIS: Merchandise Exports from India Scheme, a scheme providing rewards for exports. Amit Yadav: Director General of Foreign Trade and Ex-officio Additional Secretary. HS Codes 85171211: Harmonized System code for 'Mobile phones, other than push button type'. HS Codes 85171219: Harmonized System code for 'Mobile phones, push button type'.
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रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. NO. D. L.-33004/99 xxxGIDHxxx सी.जी.-डी.एल.-अ.-31012020-215827 xxxGIDExxx CG-DL-E-31012020-215827 असाधारण EXTRAORDINARY भाग II—खण्ड 3—उप-खण्ड (ii) PART II—Section 3—Sub-section (ii) प्राजधकार स ेप्रकाजित PUBLISHED BY AUTHORITY स.ं 419] नई दिल्ली, बधु वार, िनवरी 29, 2020/माघ 9, 1941 No. 419] NEW DELHI, WEDNESDAY, JANUARY 29, 2020/MAGHA 9, 1941 ubZ fnYyh] 29 tuojh] 2020 .—fon's k O;kikj uhfr] 2015&20 ds iSjk 1-02 ds lkFk ifBr fons'k O;kikj ¼fodkl ,oa fofu;eu½ vf/kfu;e] 1992 dh /kkjk 5 }kjk iznÙk 'kfDr;ks a dk iz;ksx djr s gq,] dsUnz ljdkj ,rn~}kjk fons'k O;kikj uhfr 2015&2020 esa rRdky izHkko ls fuEufyf[kr la'kkks/ku djrh gS%& 2- fon'k O;kikj uhfr] 2015&20 ds v/;k; 3 es a fuEufyf[kr iSjk dk s tksM+k tkrk gS%& ^^3-25 fuEufyf[kr 2 ,p,l dkMs ks@a iz'kqYd ykbuks%a i 85171211& eksckby Qksu] iq'k cVu Vkbi dks NksMdj vkSj ii 85171219& eksckby Qksu] iq'k CkVu Vkbi gsrq dsoy fnukad 01-01-2020 ls 31-03-2020 dh vof/k es a fd, tku s okys fu;kZr ds fy, ,ebZvkbZ,l ds varxZr izfrQyks a ds lkFk&lkFk 2 izfr'kr vfrfjDr rnFkZ izksRlkgu jkf'k miyC/k gksxhA izfrQy dh x.kuk dk vk/kkj eqDr fon's kh eqnkz eas fu;kZr dk olwyk x, iksr Ik;Zar fu%'kqYd eqY;] vFkok eqDr #i ls ifjorZuh; fons'kh eqnzkvks a eas iksr ynku fcyks a eas ;Fkk iznÙk fu;kZr dk iksr Ik;ZUr fu%'kqYd eYw ;] tk s Hkh de gks] gksxk tc rd fd vU;Fkk fofufnZ’V ugh a gksA fons'k O;kikj uhfr] 2015&20 vkSj izfØ;k iqLrd 2015&20 eas ,ebZvkbZ,l ds fy, ;Fkk iz;ksT; vU; lHkh izko/kku 2% vfrfjDRk rnFkZ izksRlkgu jkf'k ds fy, Hkh ykxw gksxa sA mDr dksMks a ds fy, ,ebZvkbZ,l ds fy, fd, x, vkosnu ij vfrfjDr rnFkZ izksRlkgu jkf'k ds fy, vkosnu ds #i eas Hkh fopkj fd;k tk,xkA^^ 585 GI/2020 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)] fnukad 01-01-2020 ls 31-03-2020 rd ekU; fu;kZr rkjh[k ds lkFk fd, tku s oky s fu;kZr ds fy, 2 ,p,l dkMs ks@a iz'kqYd ykbuks a 85171211 vkSj 85171219 ds fy, 2% vfrfjDr rnFkZ izksRlkgu jkf'k dk s vf/klwfpr fd;k x;k gSA [Qk- la- 01@61@180@178@,,e&20@ihlh&3] vfer ;kno] egkfuns'kd] fons'k O;kikj ,oa inus vij lfpo MINISTRY OF COMMERCE AND INDUSTRY (Department of Commerce) NOTIFICATION New Delhi, the 29th Jannuary, 2020 No. 43/2015-2020 Subject: 2% Additional Ad Hoc Incentive for Two HS Codes S.O. 453(E).—In exercise of the powers conferred by Section 5 of the Foreign Trade (Development and Regulation) Act, 1992 read with Para 1.02 of the Foreign Trade Policy, 2015-2020, the Central Government hereby makes the following amendments in the Foreign Trade Policy 2015-2020 with immediate effect: 2. The following para is added in the Chapter 3 of the Foreign Trade Policy, 2015-20. “3.25 A 2% Additional Ad hoc Incentive for 2 HS Codes/ tariff lines, as below : i. 85171211 - Mobile phones, other than push button type and ii. 85171219 - Mobile phones, push button type would be available, along with the rewards under MEIS for exports made in the period 01.01.2020 to 31.03.2020 only. The basis of calculation of reward would be on realised FOB value of exports in free foreign exchange, or on FOB value of exports as given in the Shipping Bills in freely convertible foreign currencies, whichever is less, unless otherwise specified. All other provisions as applicable for MEIS in the Foreign Trade Policy, 2015-20 and Handbook of Procedures 2015-20, shall be applicable for the 2% Additional Ad Hoc Incentive as well. The application for MEIS for the said codes would be considered as an application for the Additional Ad hoc Incentive also.” Effect of this Notification: A 2% Additional Ad hoc Incentive for 2 HS Codes/tariff lines 85171211 and 85171219 is notified for exports made with Let Export date from 01.01.2020 to 31.03.2020. [F. No. 01/61/180/178/AM 20/PC3] AMIT YADAV, Director General of Foreign Trade & Ex-officio Addl. Secy. Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064 and Published by the Controller of Publications, Delhi-110054.

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